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<SEC-DOCUMENT>0001181431-11-002326.txt : 20110107
<SEC-HEADER>0001181431-11-002326.hdr.sgml : 20110107
<ACCEPTANCE-DATETIME>20110107084333
ACCESSION NUMBER:		0001181431-11-002326
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110107
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20110107
DATE AS OF CHANGE:		20110107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAYONIER INC
		CENTRAL INDEX KEY:			0000052827
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				132607329
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06780
		FILM NUMBER:		11515713

	BUSINESS ADDRESS:	
		STREET 1:		1301 RIVERPLACE BOULEVARD
		STREET 2:		SUITE 2300
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32207
		BUSINESS PHONE:		9043579100

	MAIL ADDRESS:	
		STREET 1:		1301 RIVERPLACE BOULEVARD
		STREET 2:		SUITE 2300
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32207

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT RAYONIER INC /CT/
		DATE OF NAME CHANGE:	19940422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT RAYONIER INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd297029.htm
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			Prepared By R.R. Donnelley Financial -- Form 8-K
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				<b>UNITED STATES </b>
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				<b>SECURITIES AND EXCHANGE COMMISSION</b>
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				<b>Washington, D.C. 20549</b>
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				<b>Form 8-K </b>
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				<b>CURRENT REPORT</b>
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				<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b>
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				<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;01/07/2011 </b>
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				<b>RAYONIER INC.</b>
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				<b>(Exact name of registrant as specified in its charter)</b>
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				<b>Commission File Number:&nbsp;&nbsp;1-6780</b>
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								<b>North Carolina</b>
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							&nbsp;&nbsp;
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								<b>13-2607329</b>
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								<b>(State or other jurisdiction of</b>
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							&nbsp;&nbsp;
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								<b>(IRS Employer</b>
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								<b>incorporation)</b>
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								<b>Identification No.)</b>
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				<b>1301 Riverplace Boulevard</div><div Align="center">Jacksonville, Florida</div><div Align="center">32207</b>
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				<b>(Address of principal executive offices, including zip code)</b>
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				<b>904-357-9100</b>
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				<b>(Registrant&#146;s telephone number, including area code)</b>
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				<b> </b>
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				<b>(Former name or former address, if changed since last report)</b>
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			<b>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR><BR></b>
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			<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
			[&nbsp;&nbsp;]&nbsp;&nbsp;
			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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				<b>Item 7.01.&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure</b>
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				On January 7, 2011, Rayonier Inc. issued a press release announcing that its Board of Directors recently authorized management to proceed with the final analysis on the potential conversion of the existing fluff pulp fiber line at its Jesup, Ga., mill to produce high purity cellulose specialties pulps. The analysis will include market assessment, detailed design and engineering and cost estimates.&nbsp;&nbsp;&nbsp;The Company expects the analysis will be completed by mid-year 2011, when the Board is expected to make a final decision on the project. If approved, the converted line would be scheduled to begin production in 2013.<p>A copy of the Company's press release is furnished herewith as Exhibit 99.1. This information shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.
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			<b>SIGNATURES</b>
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			Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
			duly authorized.
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					&nbsp;
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							RAYONIER INC.
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							Date: January 07, 2011
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							By:
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					&nbsp;
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						/s/&nbsp;&nbsp;&nbsp;&nbsp;Hans E. Vanden Noort</font>
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						Hans E. Vanden Noort</font>
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						Senior Vice President and Chief Financial Officer
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			<b>EXHIBIT INDEX</b>
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								<b>Exhibit&nbsp;No.</b>
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								<b>Description</b></font>
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								EX-99.1
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								Cellulose Specialties Expansion Final Analysis Approved by Rayonier Board</font>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>rrd297029_33877.htm
<DESCRIPTION>CELLULOSE SPECIALTIES EXPANSION FINAL ANALYSIS APPROVED BY RAYONIER BOARD
<TEXT>
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<HEAD>
<TITLE>Rayonier Reports Second Quarter 2001 Earnings</TITLE>
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<FONT FACE="Helvetica" SIZE=2><FONT FACE="Helvetica" SIZE=2><P ALIGN="RIGHT">Exhibit 99.1</P>
</FONT></FONT><FONT FACE="Helvetica" SIZE=5><FONT FACE="Helvetica" SIZE=5><P>News Release</P>
</FONT></FONT><FONT FACE="Helvetica" SIZE=2><FONT FACE="Helvetica" SIZE=2>
</FONT></FONT><I><P>Contacts:</P>
</I><P>Investors&#9;Carl Kraus      &#9;904-357-9158<BR>
Media&#9;Robin Keegan&#9; 904-357-9194</P>
<B><I>
</I><P ALIGN="CENTER">Cellulose Specialties Expansion Final Analysis Approved by Rayonier Board</P>
</B>
<P>JACKSONVILLE, Fla., Jan. 7, 2011 - Rayonier today announced its board of directors recently authorized management to proceed with the final analysis on the potential conversion of the existing fluff pulp fiber line at its Jesup, Ga., mill to produce high purity cellulose specialties pulps. The analysis will include market assessment, detailed design and engineering and cost estimates. </P>
<P>The company expects the analysis will be completed by mid-year 2011, when the board is expected to make a final decision on the project. If approved, the converted line would be scheduled to begin production in 2013.</P>
<P>Rayonier, the global leader in the production of high performance cellulose specialties fibers, anticipates that markets will continue to grow, resulting in ongoing strong, world-wide demand.  The company's current cellulose specialties capacity of 485,000 metric tons is sold out and the addition of the new line would raise the total cellulose specialties capacity to 675,000 metric tons.  </P>
<P>&quot;We are meeting with our current and potential customers, and expect to receive commitments for most of this additional volume,&quot; said Lee Thomas, chairman and chief executive officer.  </P>
<P>&quot;The board's action speaks to our continued commitment to the Performance Fibers business,&quot; Thomas continued.  &quot;The business is a vital contributor to our balanced business mix and is expected to continue to play a crucial role in our financial performance.&quot;</P>
<P>Our cellulose specialties fibers, which include acetates, ethers and high-strength viscose, are used in the manufacturing of products like filters, LCD screens, pharmaceuticals, food additives, paints, tire cords and sausage casings.</P>
<B><P>About Rayonier</P>
</B><I><P>Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.4 million acres of timber and land in the United States and New Zealand. The company's holdings include approximately 200,000 acres with residential and commercial development potential along the Interstate 95 corridor between Savannah, Ga., and Daytona Beach, Fla. Its Performance Fibers business is one of the world's leading producers of high-value specialty cellulose fibers. Approximately 45 percent of the company's sales are outside the U.S. to customers in approximately 40 countries. Rayonier is structured as a real estate investment trust. More information is available at www.rayonier.com.</P>
</I><FONT COLOR="#808080"><P>Certain statements in this release regarding anticipated outcomes, including future decisions to proceed or not with the described project, business and market conditions, expectations of demand for our products, anticipated timing of decisions and commencement of construction and production, and other similar statements relating to the potential project described in this release, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "should," "expect," "estimate," "believe," "anticipate" and other similar language. Forward-looking statements are not guarantees of future events or performance and undue reliance should not be placed on these statements.</P>
<P>Additional factors are described in the company's most recent Form 10-K and 10-Q reports on file with the Securities and Exchange Commission. Rayonier assumes no obligation to update these statements except as is required by law.</P>
</FONT><P ALIGN="CENTER">#  #  #</P>
<I><FONT SIZE=1><P ALIGN="CENTER">1301 Riverplace Blvd., Jacksonville, FL 32207     904-357-9100</P></I></FONT></BODY>
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